Toys ‘R’ Us Plans Bankruptcy Filing as Soon as Today
Toys “R” Us Inc., which has struggled to lift its fortunes since a buyout loaded the retailer with debt more than a decade ago, is preparing a bankruptcy filing as soon as today. Filing for bankruptcy would allow Toys “R” Us to restructure $400 million in debt that comes due next year, potentially letting the chain rebuild as a leaner organization.
Toys 'R' Us is working on getting a loan to fund operations in a potential bankruptcy filing possible before the holidays, sources said.
Toys R Us was one of my favorite childhood stores. This is a video tour of a Toys R Us on a Saturday afternoon. I hate to see them struggle because they're stores are really nice as this video tour shows.
Videos by Retail Archaeology & CNBC
Toys R Us is one of the stores that is victim of poor management rather than being Amazoned. It is too bad that so many legendary retailers are failing. It is a changing world and many of these companies simply are stuck in their old models.
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